
% Table created by stargazer v.5.2.2 by Marek Hlavac, Harvard University. E-mail: hlavac at fas.harvard.edu
% Date and time: Sat, May 04, 2024 - 07:13:00
\begin{table}[!htbp] \centering 
  \caption{Predicting Equity Crashes} 
  \label{prediction of equity crashes} 
\begin{tabular}{@{\extracolsep{16pt}}lccc} 
\\[-1.8ex]\hline 
\hline \\[-1.8ex] 
 & \multicolumn{3}{c}{\textit{Dependent variable: equity crash$_{t+1\text{ to }t+5}$}} \\ 
\cline{2-4} 
\\[-1.8ex]
 & Bayesian & Diagnostic & Data \\ 
\\[-1.8ex] & (1) & (2) & (3)\\ 
\hline \\[-1.8ex] 
 $(\frac{\text{bank credit}}{\text{GDP}})_t$ & 9.26 & 9.60 & 5.40 \\ 
  &  &  &  \\ 
 \hline \\[-1.8ex] 
Observations &  &  & 316 \\ 
\hline 
\hline \\[-1.8ex] 
\multicolumn{4}{p{0.75\textwidth}}{\footnotesize \textit{Note}: 
  The coefficient on Bank Credit/GDP is the sensitivity of crisis probability (\%) to a one standard deviation increase in bank credit/GDP. 
  The data regression is from Table III (column 7) of \cite{baron2017credit}.
}  
\end{tabular} 
\end{table} 
